Choose an online payment service to maximize your revenue while detecting fraud with their integrated risk management solution. They use an advanced decision-making platform to prevent online fraud from happening. Best of all, since it is built into the payment gateway, there is no need for a third-party solution. Visit @ https://www.paymentasia.com/en/product-and-services/online-payment-solutions

1. PCI Compliance for
Payment Security
www.paymentasia.com

2. Payment security is necessary for any business transaction. It is essential to
prioritise the safety of your customers’ payment information. By understanding
and implementing PCI compliance, you can make your payment transactions safe
and secure for your customers. Choose a reputed online payment provider in
Vietnam to protect your business from the potential loss of valuable information
and preserve your customers’ trust.

3. The Payment Card Industry Data Security Standard (PCI-DSS) was developed in
2006 by five major credit card companies to prevent data breaches from affecting
banks and customers. The process does not include any formal certification but a
self-assessment questionnaire that can help you to demonstrate that you comply.
What Does PCI-DSS Mean?

4. Your compliance will depend on the number of your transactions per year. Here is
a breakdown:
Level 1: More than 6 million transactions processed per annum
Level 2: Between 1 million and 6 million transactions processed per annum
Level 3: Between 20,000 and 1 million transactions processed per annum
Level 4: Less than 20,000 transactions processed per annum
The severity of the demands will be more for businesses that have the most
payment transactions. However, there is no level of payment transactions at which
you will not need to maintain PCI-DSS compliance.
Four Levels of Compliance

5. Compliance at one time does not mean compliance for all time. New threats
emerge, and this gives rise to new protocols to fight those threats. This can mean
downloading new patches to develop and maintain secure systems and
applications from time to time as and when they become available. However, the
PCI DSS standards themselves change regularly. In fact, industry experts are
expecting some wide changes to arrive this year. If you do not adjust to these
changes, you might fall behind quickly.
The Standards Are Not Static

6. Non-compliance results in fines and occasional suspensions from the major card
brands. Lack of data protection will only result in losses and drawbacks. A single
breach or failure can have a significant negative impact on your reputation.
Maintaining security is crucial to not only protect your customers but also to keep
them.
Simplifications of PCI Compliance with Descoping
There are many ways that an online payment provider in Vietnam can protect
your e-Commerce business from possible fraud and assist with PCI descoping.
They can customise solutions according to your business’s unique needs. Their
experienced, flexible teams will guide you through the PCI procedure. Confidently
accept all payment modes as you have the highest level of card processing fraud
detection available.
Disadvantages of Non-Compliance

7. Choose an online payment service to maximise your revenue while detecting fraud
with their integrated risk management solution. They use an advanced decision-
making platform to prevent online fraud from happening. Best of all, since it is
built into the payment gateway, there is no need for a third-party solution.
• Tracks and monitors customer activity across multiple devices through the
entire site
• Within seconds of a transaction, a Risk Score is given to every payment
representing the likelihood of fraud
• Works in the background without interrupting customer shopping experience
Built-in Fraud Detection

8. Thank You